Residential Finance (Bayti) and Subsidized financing Murabaha
Tenure (Years) |
10 |
Commitment |
No Commitment |
Profit Type |
Murabaha |
First Home |
Yes |
|
Subsidized Financing based on property price |
Financing based on property price |
Property Price |
500,000 |
Market value |
540,000 |
Down Payment |
25,000.00 (5%) |
50,000.00 (10%) |
Tenure (Months) |
120 |
Profit Rate |
2.89% |
2.89% |
Net Financed |
475,000.00 |
450,000.00 |
Total Financed |
612,275.00 |
580,050.00 |
Monthly installment |
5,102.29 |
4,833.75 |
FTV |
95% |
90% |
Settlement Type |
Profit+Principal |
APR |
5.28% |
5.28% |
Management Fees |
5,000.00 |
5,000.00 |
Settlement Type |
Three months profit + (Principal + Profit) that hasn't been paid during the first two years of the loan tenure |
* The above are only examples, as the prices are subject to change if there are influencing factors such as the customer's credit history. - Last Updated: 22/05/2023